If Expenditures in Any of the Five Phases of the Extractive

question 71

Multiple Choice

If expenditures in any of the five phases of the extractive industry are not considered likely to lead to an economically viable project:

• A) a post-balance-date adjustment to the amounts recorded as assets in the earlier period should be made to recognise that they were not assets at that time.
• B) the costs should be written off against a reserve created by revaluing the non-current assets held in relation to projects based on a similar natural substance.
• C) the costs should be deferred and amortised against the total revenue earned from all projects based on a similar natural substance.
• D) the costs should be written off as a loss.

---

Definitions:

Egalitarian Societies

Societies characterized by equality, where rights and opportunities are equally distributed among all members, irrespective of their background.

Majority Groups

Represents the larger segment of a population or community, holding dominant power or status compared to minority groups.

Prejudice

Unfavourable attitude towards a social group and its members.

Behavioural Component

The aspect of attitude that relates to how one intends or is disposed to behave towards an object, person, or situation.